Even though the price of Boeing softened a bit last week, we believe that it has not yet reached its peak. It is still in the green wave , for the completion of which it must rise to our green target zone between $247.91 and $265.42, where short positions are worthwhile. Only then can it go down in our estimation. However, it is now important that it holds above its support at $228.16, otherwise it will come under significant downward pressure. If it falls too much against our expectations, the price is already in its old wave, the end of which is in sight in our second green target zone below. We give this alternative scenario a probability of 34% and buyers should keep an eye on it.
